• Tuesday, September 16, 2014

67pc of ADP implemented in 11 months

Star Business Report

The government has implemented 67 percent of the annual development programme (ADP) in the first 11 months of the current fiscal year. It is 2 percentage points less than in the same period last year.
“The ADP has been revised at Tk 60,000 crore, of which Tk 39,992 crore has been spent as of May,” Planning Minister AHM Mustafa Kamal said yesterday at a press briefing organised for the first time to highlight the ministry's activities to the media.
It means that 11-month average expenditure was only Tk 3,636 crore, while the government will have to spend more than Tk 20,000 crore in the last one month.
“We hope we can spend the total amount by June,” he said, referring to the last fiscal year's 96 percent ADP implementation rate. About the current fiscal year's development projects, Kamal said 203 projects were approved by the Executive Committee of the National Economic Council, involving Tk 119,529 crore.
Of the amount, the government's fund is Tk 53,300 crore, state-owned enterprises Tk 3,698 crore and the rest Tk 62,531 crore comes from project aid.

Published: 12:00 am Monday, June 16, 2014

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